MFG 1.64% $8.42 magellan financial group limited

Ann: On-Market Share Buy-Back, page-118

  1. 1,633 Posts.
    lightbulb Created with Sketch. 123
    dr issued capital
    cr cash at bank

    that would be a basic representation of the buyback. Neither entry will appear on the profit and loss statement. As such it has no effect on profitability.




 
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